Ann: Notice of Annual General Meeting/Proxy Form, page-2

Wow. so... option 2. 'face saving': planning on going ahead with the acquisition then! Despite 100km + 20km of drilling finding zip, not even indications of widespread bedrock Au!
What are the odds that the project gets shelved after the acquisition and another 'promising' project is then vended in by yet another WAn?

Does that explain why those placement shares were used to reset the share price from 1.5c to 0.4c?
Or is it just that everyone has lost interest as per other listings...so.... whatever... can't be bothered?

Lets just hope a takeover offer comes in at 0.007 or it's likely going to get really ugly from here. And I thought the last 10 years were bad! Ain't seen nothin' yet! Here's something that hasn't been tried yet: how about a geo vending a project to a geo who hires a geo consultant who in turn hires a geo consultant. That might be the final fillip that will do it!

Interesting that Rafealla has twice the market cap of RNX with mostly only RNX's former asset arguably sold for yet another loss. They should teach OVR/RNX for a masters of business.